DOGEUSDT to visit weekly support before bounceWeekly resistance WR1 rejected the price on the last pump to 0.2 level. After that rejection price bounced but succumbed to the drop in BTC. Currently it is trading between weekly resistance WR1 and weekly support WS1. The price is likely to reach to weekly support WS1. This support is likely to provide the necessary momentum for the price to head up towards WR1.
Dogeusdttrade
DOGEUSDT again at weekly support, a long should be favoredThe price has hit the weekly support again. a bounce shall be expected here and along should be favorable here. I did not have any order open for this dip to the support zone but I will long if the price dips again to this zone. The target for this long should be at least 0.095.
DOGEUSDT ranging between daily resiatnce and daily supportThe price did hit the daily resistance as expected. Though there was repeated retest of the daily+weekly support before moving up and hitting the marked resistance. The price got pushed back by the resistance and currently ranging between the daily resistance and daily support. Where to go from here, I will publish in a new post.
DOGEUSDT heading for daily resistance zoneThe price seems to be heading to daily resistance zone 0.08950 - 0.09250. That resistance zone is definitely going to push price down at least on the first attempt by price to break it. We will see how strongly the price reacts to that resistance level and then reevaluate the probability of price action.
DOGEUSDT bouncing off daily support. Likely to head higher.The price almost hit the daily support area. It will likely move upward now and pass through the above resistance in this go.
Next resistance for this move up would be the monthly resistance range 0.1330-0.13790.
Overall price direction is just depiction of a possible path how it might play out. But the idea of the direction is likely to be this. Anyway, the post will be updated after the first step to tap to weekly resistance has been achieved and a new direction and analysis will be provided.
DOGEUSDT heading for daily supportAs mentioned in the last post, price moved up and touched the weekly resistance before moving down.
Now it seems price might be headed for the daily support region as marked in the chart. This daily support has already been tested after the breakout from that level.